Members News

Energiasalv has published an invitation to tender on the international platform, Mercell. The tender is for constructing and designing a 500-megawatt underground pumped hydro energy storage plant in Paldiski.

Energy Vault expands global footprint for Gravity Energy Storage with 10 year license and royalty agreement covering Southern Africa. The agreement includes multi-year license revenues and additional royalty revenue streams tied to project developments in South Africa and the broader 16 member-state SADC region.

Voith Hydro expands Board of Management. As of March 1, 2024, Andreas Wellmann will join the Board of Management of Voith Hydro with responsibility for the Projects business. 

Energiasalv has acquired another EUR 11 million in additional financing for its EU Project of Common Interest (PCI project), the "Zero Terrain Paldiski" Pumped Hydro Energy Storage (PHS) plant in Estonia. The funding includes strategic investments from Alexela, Sunly, Combiwood Group, Warmeston, and Kiikri Kodu, further strengthening the project's financial position. 

Voith Hydro and STRUCINSPECT advance monitoring of hydropower civil structures, embodying a strong partnership between an experienced equipment supplier and a successful corporate start-up from Austria. Digital inspections lead to state-of-the-art digital infrastructure and lifecycle management, with the first hydropower facility monitoring currently underway in Scotland.